With this, Lamborghini aims to increase its current market share from 20 per cent to 25 per cent next year in a super luxury segment which has brands like Rolls Royce, Porsche and Ferrari. Currently, the market size is about 250 units.

The auto industry -- targeted by U.S. President Donald Trump -- is taking the brunt of the slowdown in demand, according to IHS Markit’s latest monthly survey. Overall manufacturing in the euro area grew the slowest pace in two years in September and new export orders failed to rise for the first time since 2013.

With an annual sale of 20-25 units, India holds an extremely low portion of company's global sales. Unruffled by this fact, Knechtel believes that strengthening brand value is more important, which is a steady process but will ultimately pave the way for growth.

A red 1962 Ferrari 250 GTO sold for $48.4 million on Saturday in California, the most ever paid for a classic car at auction. The vehicle was offered by RM Sotheby’s in Monterey, and was estimated to fetch between $45 million and $60 million, the highest valuation ever for a vintage auto at auction.

The boards of Fiat Chrysler Automobiles NV and Ferrari NV are scheduled to meet Saturday to name successors to Chief Executive Officer Sergio Marchionne, one of the auto industry’s most skilled turnaround artists, according to people familiar with the matter.

Luxury carmaker Maserati has unveiled the new V8-powered version of its popular SUV - Levante GTS at the 25th Goodwood Festival of Speed. The higher-performance version of the SUV is expected to be launched in India by the end of the fourth quarter (Q4) of the financial year 2018-19.

Automobili Pininfarina will offer a range of extremely luxurious and high-performance EV cars designed and built in a close partnership with Pininfarina SpA, the legendary Italian automotive styling house.

This special custom creation, the latest from the exclusive Tailor Made programme, was designed to recognise the success of clients who race Ferraris and will make its debut on the eve of the legendary French endurance race at the Circuit de la Sarthe.

Chief Executive Elon Musk shocked industry-watchers by launching a $200,000 sports car on Thursday, along with two electric trucks, possibly adding more logistical nightmares even as it wrestles with production issues related to its Model 3 sedan.

He was nearly half a second slower than Ferrari's Sebastian Vettel, who has kept his hopes alive by saying the "fat lady has yet to sing", and also behind the Red Bull of 20-year-old Dutch sensation Max Verstappen.